The 5/01/21 Weekend Report Preview

The Dollar

The dollar printed its lowest point on Thursday, day 44. That places the dollar deep in its timing band for a DCL

The dollar formed a swing low on Friday. It managed to close above the declining trend line and the 10 day MA to indicate the new daily cycle. The dollar will likely face resistance at the converging 50 day MA and the 200 day MA. The dollar is in a daily downtrend and will remain so unless it can close back above the upper daily cycle band.

Stocks

After breaking bullishly higher high on Thursday, stocks failed to deliver bullish follow through on Friday.

Friday was day 40 for the daily equity cycle. That places stocks in their timing band for a DCL. Stocks formed a daily swing high on Friday. A close below the 10 day MA (4143.69) will signal the daily cycle decline. Stocks are currently in a daily uptrend and will remain so unless they close below the lower daily cycle band.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.

Also included in the Weekend Report is the Likesmoney CycleTracker

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You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

Dollar Ready To Rally?

The dollar formed a swing low on Tuesday.

The dollar printed its lowest point on Monday, day 41 placing it deep in its timing band for a daily cycle low. A close above the declining trend line will have us label day 41 as the DCL.

It seems that the Miners are behaving like the dollar is emerging from a DCL.

The daily Miner cycle peaked on Wednesday and formed a swing high on Thursday. The Miners responded to the dollar forming a swing low on Tuesday by closing convincingly below the 10 day MA to signal the daily cycle decline.

The 4/24/21 Weekend Report Preview

The Dollar

The dollar closed below the day 37 low on Friday.

Closing below the day 37 extends the daily cycle decline which makes Friday day 40. That places the dollar deep in its timing band for a DCL. A. swing high and close above the declining trend line will signal the new daily cycle. The dollar is in a daily downtrend and will remain so unless it can close back above the upper daily cycle band.

Something to keep in mind once the DCL has formed is that this is now week 15 for the intermediate cycle. The dollar will likely need one more – left translated daily cycle in order to complete its intermediate cycle decline.

Stocks

Stocks printed a higher high on Friday.

The higher high on Friday locks in a right translated daily cycle formation. At 35 days, that places stocks in their timing band for a daily cycle low. A break below Tuesday’s low of 4118.38 will signal the daily cycle decline. However, stocks have been going vertical since the March DCL.

One strategy is be to use Tuesday’s low of 4118.38 as a stop. If stocks close above Friday’s high of 4194.17 then Friday’s higher will become the stop. Another strategy one could use is a swing high and break below the accelerated trend line to signal the daily cycle decline.  As stocks continue to get stretched above the 200 day MA, once a correction begins — it will likely be violent. A third strategy would be to decide to lock in profits early and wait for the next cycle low.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

For subscribers click here.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

The Dollar Loses The 50 Day MA.

After peaking on day 24, the dollar printed its lowest point on Friday.

Friday was day 35, placing the dollar deep in its timing band for a DCL. A swing low and close back above the 50 day MA will signal a new daily cycle. A break above 91.81 will form a daily swing low.

The dollar closed below the 50 day MA on Friday. If the dollar were still in the advancing phase of its intermediate cycle then the 50 day MA should have acted as support for the DCL.  Closing below the 50 day MA signals something more sinister afoot.  This has bearish implications for the yearly cycle, the 3 year cycle, and 15 year super cycle. Which is something that I discuss in detail in the Weekend Report.

This week I am offering a special 6 Week Trial Subscription offer for $15. Your 6 week trial subscription you will give you full access to the premium site which includes:

1) The Weekend Report, which is posted usually Saturday mornings. It discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles – Which includes the Likesmoney Cycle Tracker.

2) The Mid-Week Update. Posted on Wednesday’s is a review of the daily charts for the above mentioned asset classes.

3) The Weekend Updates take a look of the daily & weekly charts of GBTC, DAX, GYX, NATGAS & XLE.

4) Weekly Update of the Bullish Percentile Bingo

5) Frequent updates of my proprietary FAS Buy/Sell Indicator

The goal of the Weekend Report is to develop an on-going framework of expectations using cycle analysis.

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Dollar Breaks Lower

The dollar lost the 92 support level on Tuesday.

Tuesday was day 32 for the daily dollar cycle. That places the dollar in its timing band for a daily cycle low. Since the dollar broke below the 92 support level, then next obvious level of support for a DCL is the rising 50 day MA.

The dollar is in the advancing phase of its intermediate cycle. With the dollar being in its timing band for a DCL, the 50 day MA should be able to provide support for the dollar to form a DCL. If the 50 day MA fails to provide support for the DCL, that would indicate that something more sinister is afoot with the intermediate cycle. Which is what I plan to cover in the Weekend Report.

The 4/10/21 Weekend Report Preview

The Dollar 

After peaking on day 24, the dollar printed its lowest point on Thursday, day 29. That places the dollar in its timing band for a daily cycle low.

The high on day 24 assures us of a right translated daily cycle formation which gives us the expectation of the dollar printing a higher low. A break above Thursday’s high of 92.50 will form a daily swing low. Then a close back above the 200 day MA will indicate a new daily cycle. The dollar currently is in a daily uptrend. If the dollar forms a swing low above the lower daily cycle band then the dollar will remain in its daily uptrend and trigger a cycle band buy signal.

Stocks

Stocks got a bit stretched above the 10 day MA on Monday. Stocks consolidated Tuesday and Wednesday.

Stocks broke higher on Thursday and delivered bullish follow through on Friday. The new high on day 25 assures us of a right translated daily cycle formation. Stocks are in a strong daily uptrend and will remain so unless they close back below the lower daily cycle band.

The 10 day MA has crossed above the 3975 resistance level, so now the 10 day MA can be used as the stop.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

For subscribers click here.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

The 4/03/21 Weekend Report Preview

The Dollar

The dollar formed a swing high on Thursday.

The new high on day 24 assure us of a right translated daily cycle formation. 24 days also places the dollar in its timing band for a daily cycle decline. A close below the 10 day MA will signal the daily cycle decline. The dollar currently is in a daily uptrend. The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks broke out to a new high on Wednesday then delivered bullish follow through on Thursday.

Thursday was day 20 for the daily equity cycle. A new high on day 20 shifts the odds towards a right translated daily cycle formation. Closing above the day 9 high signals the continuation its intermediate cycle advance.

The 3975 level was a resistance level.

Closing above the 3975 resistance level signals the continuation of the intermediate cycle advance. The 3975 level should now be support, which will be our stop.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

For subscribers click here.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

The 3/20/21 Weekend Report Preview

The Dollar

The dollar closed below the 10 day MA on Wednesday.

The dollar recovered the 10 day MA on Thursday and formed a swing low on Friday. Therefore we will construct our daily cycle trend line. The dollar is currently in a daily uptrend. Since it formed a swing low above the lower daily cycle band on Friday that signals that the dollar remains in its daily uptrend and triggers a cycle band buy signal.

Stocks

Stocks formed a swing high on Thursday then closed below the 10 day MA on Friday.

Stocks are now caught between the 10 day MA and the 50 day MA. If stocks continue lower and close below the 50 day MA, that will left translate the daily cycle to signal the daily cycle decline.

Stocks closed below the ‘line in the sand’ — indicating a false breakout. A close below the 50 day MA would indicate that stocks are still seeking out their ICL.

However stocks are currently in a daily uptrend. If stocks can form a swing low and close back above the 10 day MA then they will remain in their daily uptrend and trigger a cycle band buy signal. And if they close back above the ‘line in the sand’ then stocks would resume their intermediate cycle advance. One thing to watch is to see if RSI 03 reverses now that it is near oversold.  

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

For subscribers click here.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

The 3/06/21 Weekend Report Preview

The Dollar

The dollar to close closed above the upper daily cycle band on Monday. Then delivered bullish follow through on Thursday and Friday. Closing above the upper daily cycle band ends the daily downtrend and begins a daily uptrend.

The dollar is now extended above the 10 day MA. The dollar will likely need to consolidate to allow the 10 da MA to catch up to price. However, should the dollar form a swing high, that opens the door to a possible left translated daily cycle formation. A break below 9164 forms a daily swing high.

Stocks

Stocks formed a swing low on Friday.

Stocks printed their lowest point on Thursday, day 23, which is early for a DCL. However, the previous DCL was stretched at 61 days, oftentimes cycles will follow a stretched cycle with a shortened cycle — which balances out the cycle counts.

Friday’s swing low closed above the 50 day MA to signal the new daily cycle. We will use a close above the 10 day MA to label day 23 as the DCL. Stocks should then break above the declining trend line as it rallies out of its DCL.

Stocks did close below the lower daily cycle band on Thursday. That ended the daily uptrend and began a daily downtrend. But a close back above the upper daily cycle band will renew the daily uptrend,

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

For subscribers click here.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

The 2/27/21 Weekend Report Preview

The Dollar

The dollar formed a swing low on Friday.

The dollar broke below the day 32 low on Thursday to extend its daily cycle decline. Thursday was day 34, placing the deep in its timing band for a DCL.  The dollar formed a swing low on Friday that closed above the 50 day MA, 10 day MA and the declining trend line to confirm the new daily cycle. The dollar is currently in a daily downtrend. But a close above the upper daily cycle band will end the daily downtrend and begin a daily uptrend.

Stocks

Stocks closed below the daily cycle trend line on Friday.

Stocks are showing signs of a change of character.  Stocks have been in a strong uptrend that has been characterized by RSI 05 forming quick bullish reversals once oversold and then embedding in overbought.  Tuesday’s bullish reversal followed by Wednesday’s bullish follow through did not even see RSI 05 reach overbought. Stocks were rejected by the declining trend line on Thursday then closed below the daily cycle trend line on Friday to signal the daily cycle decline. Any bearish follow through will send stocks to seek out their DCL. And with a peak on day 11, any bearish follow through will left translate this daily cycle to also lead to an intermediate cycle decline.

While stocks did close below the daily cycle trend line, they did not close below the 50 day MA. This is the last area for defense. If the Fed decides to intervene, a swing low here would have us label day 19 as a half cycle low. Stocks are still in a daily uptrend. If a swing low forms above the lower daily cycle band then stocks will remain in their daily uptrend and trigger a cycle band buy signal.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

For subscribers click here.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report